Long-term Treasury ETFs saw record inflows leading up to the September FOMC meeting. Yields failed to move lower and are rising sharply today. Some investors had already begun to lose faith before today’s move. The chart below shows 5-day net flows swung from +$1.9 billion on September 13 to -$519 million as of September 26.
Today’s losses might shake out a few more investors. The drop means all new inflows from August 17 on are now seeing losses. The price on the chart is as of 2pm eastern on September 27.
